Inflation in Sri Lanka rises 29.8% in April amid crisis: Central bank

Sri Lanka’s inflation, measured by a year-on-year change in the Colombo Consumer Price Index, increased by 29.8 per cent in April, the country’s central bank said.

This increase was driven by the monthly increases in both food and non-food categories, according to the central bank on Friday.

Food inflation jumped by 46.6 per cent in April, while non-food inflation grew by 22 per cent in April, Xinhua news agency reported.

Prices of items in the non-food category recorded increases mainly due to price increases observed in sectors such as transport, water, electricity and gas, while prices of items in the food category increased due to hike in prices of milk powder, rice, bread, dal, sugar and dried fish during the month.

Sri Lanka recently hiked its interest rates in a bid to control its skyrocketing inflation.

–IANS

int/khz/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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